Alegeus Technologies Becomes Latest Tech Firm to Join Milwaukee County Research Park
Milwaukee – Irgens is pleased to announce the lease signing of Alegeus Technologies at 10000 Innovation Drive, a 203,000 SF multi-tenant office building in the Milwaukee County Research Park (MCRP) in Wauwatosa, Wisconsin. Alegeus moved in April 2013 and is leasing approximately 8,000 SF of space in the three-story, Class A office building. The lease brings 10000 Innovation Drive to nearly full occupancy at over 98%.
Alegeus Technologies joins other high profile, tech-driven firms in the MCRP, including:
Medical College of Wisconsin – 87,000 SF
Zywave – 53,600 SF
GE Healthcare – 50,000 SF
WIPFLI / Spider Logic – 34,000 SF
Johnson Controls International – 16,500 SF
Serve-You Pharmacy – 15,400 SF
Telkonet – 14,000 SF
One Communications – 5,000 SF
Enhancement Medical – 4,800 SF
SafeNet Consulting – 2,200 SF
David Pudlosky, formerly of The Boerke Company and now with Jones Lang LaSalle, represented Alegeus Technologies in the transaction.
10000 Innovation Drive
Irgens formed a joint venture with an institutional investor to acquire the 203,000 SF building after the previous owner decided to downsize and divest itself of the real estate holding. The Irgens joint venture was able to successfully compete against other investment groups for the property and was able to negotiate a sale/leaseback arrangement with the seller within a tight timeframe. The institutional investor partner leased approximately 80,000 SF and Irgens brokered the balance of the space to other complementary service firms. A few years later, Irgens formed a new LLC to repurchase the building from the institutional investor and completed a 65,735 SF “winged” addition as well as a significant interior renovation.
Alegeus Technologies is an industry-leading benefit and payment solutions provider that enables its clients – companies engaged in offering benefit services to employers – to differentiate and compete in a rapidly changing marketplace. Alegeus provides a comprehensive suite of solutions and services capable of processing every financial transaction that occurs across the benefit value chain – from enrollment and premiums, to benefit accounts, claims and payments.